Blog Posts

The China-led Asian Infrastructure Investment Bank and other new multilaterals are becoming an important part of the development finance landscape. How they answer these five questions will have far-reaching implications.

Research shows that between 2015 and 2030, the world will need to invest an average of $6.2 trillion annually in infrastructure. More than 120 financial actors recently came together to discuss ways to secure this finance and ensure it supports low-carbon, climate-resilient projects.

The Green Climate Fund (GCF), expected to become the main vehicle for securing and distributing finance, moved one step closer to disbursing funds this week. Its resources will support a range of activities that reduce emissions or foster resilience—such as installing renewable energy, helping farmers grow drought-resistant crops and reducing deforestation.

The UN Climate Summit will draw 125 heads of state and government to address the global challenge of climate change, the biggest gathering of its kind ever. Building on the excitement of the massive People’s Climate March on September 21, we should expect some movement on the key question of how to finance climate solutions.

Officials meeting in Songdo, Korea have had intense discussions on the Green Climate Fund (GCF), which will become the main vehicle for securing and delivering money to help developing nations mitigate and adapt to climate change.

WRI offers 5 do’s and don’ts to help Green Climate Fund members create policies that can mobilize the level of finance needed to address the future of climate finance and international climate action.

The Green Climate Fund is holding its 7th Board meeting in Songdo, Korea this week. One of the most difficult questions that the GCF Board will grapple with is how entities will become “accredited” to receive GCF funds to help developing countries mitigate and adapt to climate change.

This year’s climate negotiations in Warsaw, Poland (COP 19) were a bit of a mixed bag. On the one hand, the summit’s outcomes were dramatically out of step with the level of action needed to solve the climate change problem. A tempting metaphor for the talks was the national stadium in which they were held– one could go around in endless circles in search of the right location.

On the other hand, the Warsaw COP did achieve the incremental outcomes needed to move the process forward. Negotiators put in place a work plan for securing an international climate agreement at COP 21 in Paris in 2015. The COP also made progress on scaling up climate finance and addressing the difficult issue of loss and damage, a process for addressing climate impacts that are difficult or impossible to adapt to. These are small but important steps toward bringing countries out of their repetitive, circular discussions and closer to agreeing collectively on how to address global climate change.

Publications

Engaging Communities in Extractive and Infrastructure Projects

WRI analyzed existing community engagement standards and guidance, as well as experiences in several high profile projects. Based on this analysis, WRI developed seven Principles for Effective Community Engagement for extractive and infrastructure projects.